During the Three Years Following the Financial Crisis of 2008

question 8

Multiple Choice

During the three years following the financial crisis of 2008,

• A) the monetary base more than doubled and the M1 money supply increased even more rapidly.
• B) the monetary base more than doubled, but the M1 money supply increased much less rapidly.
• C) the monetary base fell by almost 50 percent, but the M1 money supply continued to  grow at a steady rate.
• D) the monetary base fell by almost 50 percent, causing a sharp reduction in the M1 money supply.

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Definitions:

Cerebral Cortex

The cerebral cortex is the outermost layer of the brain, involved in complex brain functions such as thought, memory, consciousness, language, perception, and attention.

Peripheral Nervous System

Part of the nervous system outside the brain and spinal cord, including all the nerves that extend to the rest of the body, responsible for transmitting sensory and motor information.

Somatic Nervous System

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles.

Sensory Neurons

Nerve cells responsible for converting external stimuli from the organism's environment into internal electrical impulses.